Obama calls for quick action on economy

CHICAGO (AP) -- President-elect Barack Obama says there isn't a "minute to waste" in solving the nation's economic crisis, which he says is likely to get worse before it gets better.

As he named members of his economic team, Obama said there are extraordinary stresses on the financial system that require extraordinary responses.

He called on Congress to start work on an aggressive plan when it is sworn in January, so that his administration can, as he put it, "hit the ground running."

Obama wants action that will stabilize the financial system and get credit flowing, as well as create jobs in areas including rebuilding infrastructure and creating clean energy.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2016 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 34993584 - local8now.com/a?a=34993584
Gray Television, Inc.